Torchmark Corporation (TMK) : Leavell Investment Management reduced its stake in Torchmark Corporation by 0.3% during the most recent quarter end. The investment management company now holds a total of 148,359 shares of Torchmark Corporation which is valued at $9,248,700 after selling 450 shares in Torchmark Corporation , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.Torchmark Corporation makes up approximately 1.33% of Leavell Investment Management’s portfolio.
Other Hedge Funds, Including , Gateway Investment Advisers reduced its stake in TMK by selling 98 shares or 1.1% in the most recent quarter. The Hedge Fund company now holds 8,847 shares of TMK which is valued at $546,302.British Columbia Investment Management Corp reduced its stake in TMK by selling 40,364 shares or 34.35% in the most recent quarter. The Hedge Fund company now holds 77,157 shares of TMK which is valued at $4,731,267. Torchmark Corporation makes up approx 0.04% of British Columbia Investment Management Corp’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in TMK in the latest quarter, The investment management firm added 1,586 additional shares and now holds a total of 29,044 shares of Torchmark Corporation which is valued at $1,780,978. Torchmark Corporation makes up approx 0.04% of Exxonmobil Investment Management Inc Tx’s portfolio.
Torchmark Corporation closed down -0.06 points or -0.10% at $62.34 with 3,31,539 shares getting traded on Wednesday. Post opening the session at $62.53, the shares hit an intraday low of $62.25 and an intraday high of $62.59 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Torchmark Corporation reported $1.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.06.Analysts expectations of $ 966.89.During the same quarter in the previous year, the company posted $1.04 EPS.
Many Wall Street Analysts have commented on Torchmark Corporation. Torchmark Corporation was Upgraded by Goldman to ” Neutral” on Jul 15, 2016. Torchmark Corporation was Upgraded by BofA/Merrill to ” Neutral” on Jun 29, 2016.
Torchmark Corporation is an insurance holding company. The Company’s segments include life insurance health insurance Medicare Part D annuities and investment. The life insurance segment offers whole-life insurance term life insurance and other life insurance products. The health insurance segment offers supplemental limited-benefit health insurance products primarily for cancer and accident plans. It also provides coverage under the Government’s Medicare Part D plan. The Company offers single-premium and flexible-premium deferred annuity products. The Company also invests in bonds preferred stock common stocks mortgage loans real estate policy loans and others. Its primary subsidiaries are American Income Life Insurance Company Liberty National Life Insurance Company Globe Life And Accident Insurance Company United American Insurance Company and Family Heritage Life Insurance Company of America.